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there isn't a system in use that will give you an edge if you don't understand
what the system is telling you. (mechanical systems require no understanding
just blind faith) If you have an understanding of what a system is telling you,
then almost any system should produce a positive result. Of course, if you
understand, and you see junk, you know not to trade that system and that is a
positive result. Ira.
charles meyer wrote:
> Gwenn:
>
> My problem with Van Tharp are the inferences drawn from his
> slick Madison Avenue style of advertising. For example, a friend
> of mine attended his "How To Find A Trading System That Fits
> You" (I'm paraphrasing here) seminar. For a few grand all the
> participants got was a discussion about various methods that
> could be derived from reading a few books. I would not have
> been happy. I would have wanted to leave the seminar with a
> system for me with an edge. This same guy also attended his
> one on one shrink session. Well, ole Dick is basically the same
> guy and to my knowledge his trading hasn't changed dramatically.
> Like psychoanalysis, the whole NLP concept was spawned to
> generate careers for psychologists. There is an old shrink joke,
> which a lot of them agree with, that asks how many psychologists
> does it take to change a light bulb? Only one, but the light bulb
> has to want to change. Again, anyone investigating the arena of
> NLP gets the impression that rapid and dramatic changes in the
> psyche will occur in a very short period of time. Well, I can tell you
> categorically, it didn't work for me at least and I have had my fair
> share of therapy! The point is that an individual can be an icon of
> psychological health and still lose big time in the markets if they
> don't have their own system with an edge. I'd love to be privy to what
> percentage of traders who go to Van Tharp's seminars finally find
> success? You need a system with an edge and all the psycho-babble
> in the world doesn't deliver on that issue.
>
> Charles
>
> PS: I have taken his Investment Psychology course and found it
> to be helpful for gleaning additional insights into myself and the
> importance of trading psychology.
>
> -----Original Message-----
> From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
> To: 'ericrogers@xxxxxxxxxxxxx' <ericrogers@xxxxxxxxxxxxx>; Scalp1
> <Scalp1@xxxxxxxxxxxxxxx>
> Cc: Real Traders <realtraders@xxxxxxxxxxxx>
> Date: Thursday, July 01, 1999 2:44 AM
> Subject: AW: Van k.Tharp
>
> >He doesn't trade the markets, but is a savvy businessman. Successful people
> >always have something to teach you, even if it is not related to strictly
> >trading. His strengths are in getting you to balance your psych and the
> >concepts of money management. Don't expect to get trading systems or things
> >like that from him, but rather an understanding of what you are doing and
> why
> >you are doing it.
> >
> >Depending on the way you look at it, it is worth a lot, or you leave it
> aside,
> >but you don't lose much...
> >
> >Gwenn
> >
> >| -----Ursprungliche Nachricht-----
> >| Von: Norman E. Phair [SMTP:ericrogers@xxxxxxxxxxxxx]
> >| Gesendet am: Wednesday, June 30, 1999 6:26 PM
> >| An: Scalp1
> >| Cc: Real Traders
> >| Betreff: Re: Van k.Tharp
> >|
> >| Mr. VKT has probably obtained financial freedom because
> >| of the course he teaches and the books he sells.
> >|
> >| Norman E.
> >|
> >| > Scalp1 wrote:
> >| >
> >| > Has anyone read Trade Your Way To Financial Freedom
> >| > by Van K. Tharp, pros/cons ????
|